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    Monday, April 10, 2017

    NNPC ‘Sacks’ Four Top Officials Over Missing Petrol Scandal.



    The management of the Nigerian National Petroleum Corporation, NNPC, has asked four top officials of the agency to leave. Those asked to step down are the Managing Director of the NNPC Retail, Esther Nnamdi-Ogbue; the General Manager (Operations) of NNPC Retail, Mamza Gwadabe; as well as Ibrahim Bello, another official of NNPC retail....


    The identity of the last person could not be confirmed as at press time, according to Premium Times.

    The four were asked to depart last Thursday over the ‘missing’ petrol scandal involving Capital Oil & Gas Nigeria Limited owned by businessman, Ifeanyi Ubah.

    Following Premium Times' report on the scandal also involving MRS Petroleum, the NNPC announced that it had set up a committee to investigate the matter. The committee reportedly found the officials culpable and recommended their dismissal from service.

    But it was learnt that the Minister of State for Petroleum Resources, Ibe Kachikwu, and the management of the NNPC later decided to convert their dismissal to retirement.

    The case and the officials are now to be referred to the Economic and Financial Crimes Commission for a full-scale investigation of the matter.

    Insiders claimed it was Mrs. Nnamdi-Ogbue who triggered the initial investigation after her attention was called to the matter.

    The products, over 100 million litres of petrol worth over N14 billion, belonging to the NNPC Retail, were stored at the private depots under a throughput arrangement as part of the corporation’s strategy to build strategic national fuel reserve.

    The NNPC Chief Operating Officer, Downstream, Henry Ikem-Obi, said the fraud was discovered last January when the Petroleum Products Marketing Company, PPMC, another subsidiary of NNPC, needed to access the NNPC Retail’s petrol stored at the Capital Oil depot, to bridge the supply gap.

    Mr. Ikem-Obi said the management of Capital Oil offered no concrete explanation regarding why it sold all the NNPC stock of petrol at its depot without seeking permission or informing NNPC Retail.


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    Item Reviewed: NNPC ‘Sacks’ Four Top Officials Over Missing Petrol Scandal. Rating: 5 Reviewed By: TOSIN OATZEAL
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